An investigation on behalf of current long term investors in ON24, Inc. (NYSE: ONTF) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE: ONTF stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 03/16/2022 --Certain directors of ON24, Inc are under investigation concerning potential breaches of fiduciary duties.

Investors who are current long term investors in ON24, Inc. (NYSE: ONTF) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for investors in NYSE: ONTF stocks follows a lawsuit filed against ON24, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: ONTF stocks, concerns whether certain ON24, Inc. directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the representations made in the registration statement and prospectus used to effectuate the Company's IPO were materially inaccurate, misleading, and/or incomplete because they failed to disclose, among other things, that the surge in COVID-19 customers observed in the lead up to the IPO consisted of a significant number that did not fit ON24's traditional customer profile, and, as a result, were significantly less likely to renew their contracts.

Those who purchased shares of ON24, Inc. (NYSE: ONTF) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About:
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.